Ahead of the interim-Budget, the firm said policy intervention for at least 3-5 years is necessary, as lack of predictability in policy becomes a deterrent for the industry to make long term investments.

Connectivity will allow OEMs to connect with end customers and as the vehicle becomes connected, OEMs ability to connect with customers will help in better customisation and increase post-purchase sales in a dramatic way, says Tarun Mehta, Co-Founder, Ather Energy.

The annual running cost of an electric scooter, including battery replacement, is Rs 13,000-17,000 lesser as compared to that of a petrol powered scooter. Which means the average savings per year can be around Rs 15,000 which is alongside your contribution to a cleaner environment.

This comes in as another addition to senior industry veteran hires that Ather has seen over the past few months which include Venki Padmanabhan as COO and Thiruppathy Srinivasan as VP of Vehicle Development.

Ather Energy CEO Tarun Mehta said: "Padmanabhan has a strong knowledge base of operational requirements for the automotive company, especially two-wheelers. His network and his experience in the industry is a valuable asset for a young company."

Hero MotoCorp Chairman, MD and CEO Pawan Munjal took home a salary of Rs 59.66 crore in 2016 -17, up 3.94 per cent from the previous fiscal. According to the company's annual report for 2016-17, the ratio of Munjal's pay to the median remuneration of employees was 731.

While Hero MotoCorp has already turned its focus on the 150 cc premium segment with three products and a new launch last September, sources say it will also come up with products in the 250 cc and above market - currently dominated by Royal Enfield - both for domestic sales as well as for export.

Participating in the international circuit for four years also offered the 29-year old engineer a first-hand view of what an ideal electric racing bike must be like, and what attributes would appeal to hard-core enthusiasts.

Infrastructure, particularly dismal roads inside cities, took centre-stage at India's premier ET Startup Awards, as entrepreneurs and investors came together to press for action saying the country is being hobbled by traffic grid-lock.

A clutch of startups have emerged to create robust electric and robotic automobiles. They are innovating on core elements of these vehicles, including the battery. These are big bets, and so most are starting small. But the ride is beginning to accelerate, and could change the way India commutes.